PTC was founded in 1985 and is headquartered in Needham, MA, USA. It was formerly known as Parametric Technology Corporation and changed its name to PTC . in January 2013. It is a leading software company in the domains of product lifecycle management (PLM), Internet of things (IoT) and augmented reality (AR). The company operates in two segments: software products and professional services.
PTC delivers innovative solutions that changes how products are created and serviced across the entire product lifecycle. Apart from PLM, IoT and AR, the company also provides solutions in the CAD and Service Lifecycle Management (SLM). In addition, PTC Inc. also provides consulting, implementation, training, cloud, and license and support services. The company has presence in the Americas, Europe and the Asia Pacific.
PTC believes in being a leader in all that it ventures into, and has spent the last 30 years or so developing and investing in cutting-edge technology to continuously achieve this objective.
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PTC markets its products primarily through professionals, third-party resellers and strategic partners. In India, DesignTech Systems is the value added reseller of the following PTC products: